Bitcoin’s Momentum Wobbles—Analyst Predicts Correction Below $94K

Christian Encila

4 weeks ago

3 mins read

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Bitcoin’s recent climb to $105,000 has done little to shake off the worries piling up around its momentum. The world’s biggest cryptocurrency eked out a 0.03% gain in the last 24 hours but still sits 3.5% lower than it did a week ago.

According to analyst Captain Faibik, this mix of flat gains and fading strength could mean traders are buying Bitcoin at the top.

Bearish RSI Divergence Signals Weakness

Based on data, the Relative Strength Index (RSI) has drifted downward after peaking near 80, even as Bitcoin’s price pushed to fresh highs. The RSI now sits at 61.88, a clear sign that buyers are losing steam.

Traders often watch for this kind of mismatch—when price goes up but RSI goes down—because it can spell a coming pullback. History shows it doesn’t always lead to a crash, but it does make a correction more likely.

After carving out fresh highs, it feels like Bitcoin has hit its ceiling, according to Fabik, and a pullback into the $92,000–$94,000 zone could be on the cards.

This setup usually sparks a quick correction, so many traders will be watching closely and tightening up their strategies as the market could shift in a hurry.

$BTC is showing a massive RSI Bearish divergence on the weekly chart..!!

It looks like Bitcoin has topped out and is now Ready for a major correction toward the 92–94k Range..📉

Just like it bottomed out at 16k in November 2022,
We bought the dip and now we’re selling the… pic.twitter.com/W25HCAxkIa

— Captain Faibik 🐺 (@CryptoFaibik) June 18, 2025

Resistance Levels Keep Price In Check

Bitcoin has bumped into stiff barriers around $108,000 and $109,000, both set on May 19. An ascending trendline from December 2024 has also been capping gains for weeks.

These levels are proving tough to clear. If Bitcoin can’t break through soon, sellers may step in. Faibik points out that hitting these walls and seeing RSI divergence at the same time often marks the high point before a drop.

BTCUSD trading at $104,919 on the 24-hour chart: TradingView

This Activity Points To Caution

The derivatives market adds another layer to the story. Trading volume in Bitcoin futures and options rose by 1.60%, taking total activity to around $100 billion. Open interest, meanwhile, slid down 1.30% to nearly $70 billion.

This suggests some players are closing their bets rather than piling on new ones. In the past 24 hours, liquidations have wiped out $71 million in long positions. That kind of pain can trigger more sell‑offs if people rush to protect their profits.

Past Patterns Offer Mixed Lessons

Looking back, Bitcoin’s rebound in 2022 followed a different playbook. Back then, price hit a low near $16,000 and built strength even as RSI climbed from oversold levels. That setup led to a strong rally. Today, though, the RSI is nowhere near oversold territory. It’s more of a warning flag than a green light.

Captain Faibik reminds traders that past wins don’t guarantee future results. Conditions now include higher interest rates and deeper institutional interest, which can change how Bitcoin reacts to the same signals.

Featured image from Trade Brains, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.